Renovated Detached
For Sale
$1,248,000
Pending
35 Cattaraugus Street, Staten Island, NY 10301
The property includes two driveways, an attached garage, separate utilities, and a covered backyard veranda.
Property Size3,307 SF
Days on Market12
Property Features for 35 Cattaraugus Street
General Information
Standard status
Pending
Size
3,307 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR, 1 x 1BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,607
Amenities
covered veranda
solar panels
Building Details
Building Size
3,307 SF
Year Built
1965
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
C.Michel Scibetta-Nicolo · License #10301221252
(718) 644-0063
Source:
Wonicarealtors
Added: Sep 11
Changed: Sep 17
Last Checked: Sep 21 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1965, this fully detached duplex includes a four-bedroom main residence and a separate one-bedroom apartment. The primary home has a living room, formal dining room, family room, updated kitchen and bath, plus a finished basement with its own access. The basement can accommodate uses such as an office, gym, recreation area, or additional living space.
The apartment is positioned separately from the main residence and offers potential conversion to a two-bedroom layout. Additional improvements include two driveways, an attached garage, a backyard with a covered veranda, solar panels, and separate utilities. The property is vacant and includes 35 Cattaraugus Street in Staten Island’s Sunnyside neighborhood.
The apartment is positioned separately from the main residence and offers potential conversion to a two-bedroom layout. Additional improvements include two driveways, an attached garage, a backyard with a covered veranda, solar panels, and separate utilities. The property is vacant and includes 35 Cattaraugus Street in Staten Island’s Sunnyside neighborhood.
Key Highlights
- Fully detached duplex with a four‑bedroom main residence and separate one‑bedroom apartment
- Finished basement with separate access and potential for office, gym, recreation, or additional living space
- Separate apartment offers potential conversion to two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,239
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,644,780
$1.6M
Cap Rate 7%
$1,174,843
$1.2M
Cap Rate 9%
$913,767
$913.8K
Market Conditions
NOI Build-Up for 3,307 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$123.0K $37.20/SF
− Vacancy
−$5.5K −$1.67/SF
EGI
$117.5K $35.53/SF
− OpEx
−$35.2K −$10.66/SF
NOI
$82.2K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,644,780
Cap Rate 7%
$1,174,843
Cap Rate 9%
$913,767
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,239 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,336 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,455 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes two driveways, an attached garage, separate utilities, and a covered backyard veranda.
Where is this duplex located?
The property is located at 35 Cattaraugus Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: Fully detached duplex with a four‑bedroom main residence and separate one‑bedroom apartment; Finished basement with separate access and potential for office, gym, recreation, or additional living space; Separate apartment offers potential conversion to two bedrooms
